TAMPA, Fla. – Today, Governor Rick Scott announced that Fay Servicing has chosen Florida as the best location for its new Southeastern regional headquarters. The expansion will create 100 new jobs and invest more than $1 million in the local community. Fay Servicing currently employs nearly 20 Floridians.

Governor Scott said, “I am proud to announce Fay Servicing has chosen Florida as the best location for their Southeastern regional headquarters, which will create 100 new jobs for families in Tampa Bay. This great news shows that Florida’s talented workforce, business-friendly environment, and incredible weather are encouraging more and more job creators to invest in our state. We will continue to do everything we can to help Florida outcompete other states for job wins so we can create more opportunities for our families.”

Founded in early 2008 and based in Chicago, Illinois, Fay Servicing is a diversified mortgage services firm that employs over 500 individuals nationwide. The new positions will pay an average annual wage of $55,130 and include mortgage loan servicing, REO property management, loan boarding, and other roles. Florida is home to nearly 33,000 financial services and insurance firms and their more than 351,000 employees.

Ed Fay, CEO of Fay Servicing said, “Florida is the perfect location for our company as it prepares for another significant expansion. The workforce here in Tampa is exceptional in terms of the skills we require, and the area provides many advantages when it comes to recruiting talented individuals. We are excited about expanding in Tampa and thank the state and local government for the support and warm welcome they have given us.”

“We welcome Fay Servicing to Florida and thank them for choosing to establish their Southeastern regional headquarters here,” said Crystal Sircy, Enterprise Florida Executive Vice President & COO. “Florida’s financial services sector continues to grow and national leaders like Fay Servicing are helping us build an even stronger foundation of companies. We look forward to their growth in Tampa.”

“Florida’s financial activities sector has grown significantly over the last year, which is a great opportunity for Fay Servicing to also grow here,” said Cissy Proctor, Executive Director of the Florida Department of Economic Opportunity. “The company’s expansion into Florida is great news for local jobseekers and their families, and we are excited to welcome another headquarters operation to the state.”

The project was made possible through strong partnerships between Enterprise Florida, the Florida Department of Economic Opportunity, the Tampa Hillsborough Economic Development Corporation, and Hillsborough County.

“After Fay Servicing carefully considered locations in other states that fought hard for this project, Hillsborough County emerged as the clear winner,” said the Hon. Lesley “Les” Miller, chairman of the Hillsborough County Board of County Commissioners. “Our community has established itself as one of the top destinations in the United States for financial and professional services firms because of our exceptional labor market, quality of life, and cost-friendliness for business. We thank Fay Servicing for choosing Hillsborough County and extend them a very warm welcome.”

Colleen Chappell, chair of the Tampa Hillsborough Economic Development Corporation and CEO of ChappellRoberts, said, “Fay Servicing’s decision to invest in our community offers further proof of Hillsborough County’s economic dynamism and momentum. Together with our public and private partners, we look forward to supporting them as they settle into their new regional headquarters here.”

Fay Servicing, LLC is a diversified mortgage services firm that specializes in managing distressed and at-risk residential loans. Fay Servicing differentiates itself by leveraging its unique talent, model, and process to build uncommonly strong relationships with borrowers. This relationship-based servicing strategy has positioned Fay Servicing as a leader in the mortgage servicing world.

Enterprise Florida, Inc. (EFI) is a partnership between Florida’s businesses and government leaders and is the principal economic development organization for Florida. EFI facilitates job growth through recruitment and retention, international trade and exporting, promotion of sporting events, and capital funding programs to assist small and minority businesses. EFI launched “Florida – The Future is Here” to promote the state as the nation’s premier business destination.

The Tampa Hillsborough Economic Development Corporation works to develop and sustain a thriving economy through the attraction, retention and expansion of high-wage jobs and capital investment in Hillsborough County and the cities of Tampa, Plant City, and Temple Terrace. Our efforts are focused on growing locally established companies as well as recruiting corporate headquarters and regional operations in targeted industry sectors including Information Technology, Financial and Professional Services, Life Sciences, Defense and Security, Manufacturing, and Distribution and Logistics. The Tampa Hillsborough Economic Development Corporation exists because of the generous support of over 100 investors from the local community.